Can I retire at age 67 with 2,740,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$226,267$224,251$222,285$220,366$218,491$216,842
2 years$112,013$109,927$107,905$105,945$104,044$102,381
3 years$73,934$71,839$69,822$67,880$66,010$64,384
4 years$54,898$52,809$50,812$48,904$47,079$45,504
5 years$43,479$41,403$39,433$37,563$35,788$34,269
6 years$35,869$33,809$31,867$30,039$28,318$26,856
7 years$30,436$28,392$26,482$24,697$23,030$21,626
8 years$26,362$24,337$22,459$20,718$19,106$17,759
9 years$23,196$21,190$19,344$17,647$16,090$14,800
10 years$20,664$18,678$16,864$15,212$13,709$12,477
11 years$18,594$16,628$14,847$13,239$11,790$10,614
12 years$16,870$14,924$13,176$11,612$10,217$9,095
13 years$15,413$13,487$11,772$10,252$8,910$7,841
14 years$14,165$12,260$10,577$9,100$7,810$6,794
15 years$13,084$11,199$9,550$8,116$6,877$5,911
16 years$12,139$10,275$8,658$7,267$6,078$5,161
17 years$11,307$9,463$7,879$6,529$5,389$4,520
18 years$10,567$8,744$7,192$5,884$4,792$3,969
19 years$9,906$8,104$6,584$5,317$4,271$3,493
20 years$9,312$7,531$6,043$4,815$3,815$3,080
21 years$8,776$7,015$5,558$4,370$3,414$2,720
22 years$8,288$6,548$5,123$3,974$3,060$2,406
23 years$7,844$6,124$4,730$3,619$2,747$2,131
24 years$7,438$5,738$4,374$3,301$2,469$1,890
25 years$7,064$5,385$4,052$3,014$2,222$1,677
26 years$6,720$5,061$3,758$2,756$2,001$1,490
27 years$6,402$4,763$3,489$2,523$1,804$1,324
28 years$6,107$4,488$3,244$2,311$1,628$1,178
29 years$5,833$4,234$3,019$2,120$1,470$1,049
30 years$5,577$3,998$2,812$1,945$1,328$934
31 years$5,339$3,780$2,621$1,787$1,201$832
32 years$5,116$3,576$2,446$1,642$1,086$742
33 years$4,907$3,387$2,284$1,510$983$662
34 years$4,711$3,210$2,134$1,389$890$590
35 years$4,526$3,045$1,995$1,279$806$527
36 years$4,352$2,890$1,866$1,178$730$470
37 years$4,187$2,745$1,747$1,085$662$420
38 years$4,032$2,608$1,636$1,000$600$375
39 years$3,885$2,480$1,532$922$544$335
40 years$3,746$2,360$1,436$851$494$299
41 years$3,614$2,246$1,347$785$448$267
42 years$3,488$2,139$1,263$724$406$239
43 years$3,369$2,038$1,185$669$369$213
44 years$3,256$1,943$1,113$617$335$190
45 years$3,147$1,853$1,045$570$304$170
46 years$3,044$1,768$981$527$276$152
47 years$2,946$1,687$922$487$251$136
48 years$2,851$1,610$866$450$228$122
49 years$2,761$1,538$814$416$207$109
50 years$2,675$1,469$766$384$188$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,740,000, adding $6,392 every year, while hoping to spend $30,772 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/46/13 Blend
66$2,740,000$2,740,000$2,740,000$2,740,000
67$3,026,073$2,880,853$2,838,383$3,138,265
68$3,301,992$2,989,274$2,900,728$3,326,327
69$3,605,022$3,101,976$2,964,130$3,526,215
70$3,937,898$3,219,136$3,028,592$3,741,883
71$4,303,630$3,340,940$3,094,116$3,974,783
72$4,705,535$3,467,581$3,160,703$4,226,504
73$5,147,266$3,599,259$3,228,354$4,498,797
74$5,632,850$3,736,185$3,297,066$4,793,580
75$6,166,721$3,878,579$3,366,838$5,112,964
76$6,753,765$4,026,668$3,437,666$5,459,265
77$7,399,366$4,180,691$3,509,545$5,835,031
78$8,109,455$4,340,899$3,582,468$6,243,062
79$8,890,567$4,507,550$3,656,428$6,686,433
80$9,749,901$4,680,917$3,731,415$7,168,528
81$10,695,391$4,861,282$3,807,417$7,693,067
82$11,735,778$5,048,941$3,884,423$8,264,140
83$12,880,692$5,244,204$3,962,415$8,886,245
84$14,140,744$5,447,392$4,041,379$9,564,331
85$15,527,629$5,658,843$4,121,293$10,303,839
86$17,054,228$5,878,907$4,202,137$11,110,759
87$18,734,738$6,107,952$4,283,888$11,991,678
88$20,584,800$6,346,361$4,366,517$12,953,845
89$22,621,652$6,594,535$4,449,997$14,005,236
90$24,864,284$6,852,891$4,534,296$15,154,631
91$27,333,624$7,121,865$4,619,378$16,411,691
92$30,052,732$7,401,915$4,705,205$17,787,049
93$33,047,018$7,693,516$4,791,737$19,292,412
94$36,344,481$7,997,166$4,878,928$20,940,664
95$39,975,976$8,313,385$4,966,730$22,745,989
96$43,975,501$8,642,716$5,055,091$24,724,005
97$48,380,520$8,985,727$5,143,953$26,891,905
98$53,232,315$9,343,010$5,233,258$29,268,619
99$58,576,378$9,715,184$5,322,939$31,874,992
100$64,462,838$10,102,898$5,412,928$34,733,976